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FDIC State Profiles
 

Alabama - First Quarter 2008

ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q1-08 Q4-07 Q1-07 2007 2006
Total Nonfarm (share of trailing four quarter employment in parentheses) 0.8% 1.4% 1.6% 1.4% 1.8%
  Manufacturing (15%) -1.8% -1.3% -2.1% -2.0% 1.4%
  Other (non-manufacturing) Goods-Producing (6%) 1.6% 2.6% 3.4% 2.3% 3.7%
  Private Service-Producing (60%) 1.3% 1.9% 2.2% 2.0% 1.6%
  Government (19%) 1.4% 1.5% 2.0% 1.7% 2.0%
Unemployment Rate (% of labor force) 3.9% 3.6% 3.4% 3.5% 3.5%
           
Other Indicators Q1-08 Q4-07 Q1-07 2007 2006
Single-Family Home Permits -36.1% -30.5% -18.4% -21.9% -1.9%
Multifamily Building Permits 14.6% -3.2% 17.7% -21.3% 1.7%
Home Price Index 4.5% 4.4% 6.9% 5.8% 8.4%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 5.36 5.36 4.86 5.09 4.26
           
BANKING TRENDS
General Information Q1-08 Q4-07 Q1-07 2007 2006
Institutions (#) 162 160 161 160 159
Total Assets (in millions) 270,425 248,598 229,961 248,598 233,261
New Institutions (# < 3 years) 15 13 13 13 12
Subchapter S Institutions 41 39 38 39 33
           
Asset Quality Q1-08 Q4-07 Q1-07 2007 2006
Past-Due and Nonaccrual Loans / Total Loans (median %) 2.61 2.48 1.75 2.48 1.79
ALLL/Total Loans (median %) 1.20 1.20 1.23 1.20 1.22
ALLL/Noncurrent Loans (median multiple) 1.17 1.22 2.41 1.22 2.19
Net Loan Losses / Total Loans (median %) 0.09 0.20 0.04 0.14 0.13
           
Capital / Earnings Q1-08 Q4-07 Q1-07 2007 2006
Tier 1 Leverage (median %) 10.19 10.23 10.20 10.23 10.29
Return on Assets (median %) 0.91 0.85 1.08 0.95 1.17
Pretax Return on Assets (median %) 1.11 1.07 1.43 1.23 1.51
Net Interest Margin (median %) 3.74 3.89 3.92 3.92 4.19
Yield on Earning Assets (median %) 6.75 7.28 7.22 7.30 7.09
Cost of Funding Earning Assets (median %) 3.05 3.40 3.29 3.35 2.96
Provisions to Avg. Assets (median %) 0.14 0.20 0.12 0.17 0.15
Noninterest Income to Avg. Assets (median %) 0.67 0.70 0.68 0.68 0.70
Overhead to Avg. Assets (median %) 2.85 3.01 2.72 2.88 2.83
           
Liquidity / Sensitivity Q1-08 Q4-07 Q1-07 2007 2006
Loans to Assets (median %) 64.3 64.5 62.8 64.5 63.3
Noncore Funding to Assets (median %) 28.3 28.4 26.7 28.4 28.1
Long-term Assets to Assets (median %, call filers) 18.7 18.6 16.9 18.6 17.2
Brokered Deposits (number of institutions) 61 61 63 61 63
  Brokered Deposits to Assets (median % for those above) 3.9 4.1 4.3 4.1 3.7
           
Loan Concentrations (median % of Tier 1 Capital) Q1-08 Q4-07 Q1-07 2007 2006
Commercial and Industrial 78.7 82.3 76.4 82.3 75.3
Commercial Real Estate 248.9 244.0 221.6 244.0 225.0
  Construction & Development 71.5 62.8 53.1 62.8 58.1
  Multifamily Residential Real Estate 4.8 4.6 3.9 4.6 3.6
  Nonresidential Real Estate 142.9 142.5 135.5 142.5 143.4
Residential Real Estate 161.8 167.5 165.4 167.5 166.1
Consumer 47.0 50.2 51.1 50.2 55.2
Agriculture 13.0 13.7 12.0 13.7 11.4
           
BANKING PROFILE
Largest Deposit Markets (from 2007 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Birmingham-Hoover, AL 44 23,621   < $250 million 121 (74.7% )
Montgomery, AL 20 6,099   $250 million to $1 billion 32 (19.8% )
Huntsville, AL 20 5,734   $1 billion to $10 billion 6 (3.7% )
Mobile, AL 14 5,468   > $10 billion 3 (1.9% )
Columbus, GA-AL 18 5,218  
           
 
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